ME 134 2SAY2324 L22 Manufacturing Cost PDF
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This document contains notes on manufacturing costs, including topics such as cost prediction, manufacturing processes, and cost analysis.
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Cost Agenda 01. Manufacturing 02. Cost prediction and Product Cost factors How do we predict the price of a mass-produced part 03. Manufacturing 04. Manufacturing processes cost cost in relation to What...
Cost Agenda 01. Manufacturing 02. Cost prediction and Product Cost factors How do we predict the price of a mass-produced part 03. Manufacturing 04. Manufacturing processes cost cost in relation to What differentiates the cost product cost, of manufacturing company profit. processes? 2 This Photo by Unknown Author is licensed under CC BY-SA Products This Photo by Unknown Author is licensed under CC BY-NC Cost of Finished Products Cost Ceiling Factors Perceived value of product to customers Size of market Competition Brand equity 4 Annual Review May 10, Elements of Manufacturing Annual Review 5 May 10, Manufacturing Cost Contributors Material cost Equipment cost Tooling Labor Overhead Energy Equipment maintenance Facilities upkeep 6 Annual Review May 10, 2024 This Photo by Unknown Author is licensed under CC BY-SA Total Cost of Making a Part (Ashby’s Model) 7 Annual Review May 10, 2024 Cost Computation F: Fixed Cost V: Variable Cost N: Production Quantity 𝐶 =𝐹+𝑉∗𝑁 𝐶 𝐹 = +𝑉 𝑁 𝑁 8 Annual Review May 10, 2024 Figure 13.33, M.F. Ashby, Materials Selection in Mechanical Design This Photo by Unknown Author is licensed under CC BY-SA Annual Review This Photo by Unknown Author is licensed under CC BY-SA-NC Fixed Cost This Photo by Unknown Author is licensed under CC BY-SA Annual Review 10 May 10, This Photo by Unknown Author is licensed under CC BY-SA-NC This Photo by Unknown Author is licensed under CC BY-SA-NC Tooling Cost (Mold, Die, Cutting Tool, etc.) 𝐶𝑡 𝑁 𝐶1 = 𝑅𝑜𝑢𝑛𝑑𝑢𝑝 Roundup to the nearest integer 𝑁 𝑛𝑡 N= total forecast production volume (e.g. 10 million parts) Ct = cost of one set of tooling nt = number of parts each tool set can make before wearing out Assumptions: Tooling is dedicated to the project Tooling can be used in series or parallel operations. Mold Classification by Lifetime → an industry standard provided by the Society of Plastics Industry (SPI) for classifying the quality and lifetime of molds Class 105 (
